re: Where do you see o&g headed in the future?

Eventually we'll really start running low and politics will give in because money always wins

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Ehh the US East Coast doesnt really have the geologic components to be a hotbed of potential oil accumulations. The West Coast does but the politics on that side of the country are gonna make it nearly impossible to do business out there.

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This. The hot beds will be locations with viable oil reserves. Niobrara will likely be the next that is developed in the US. We already have a glut of natural gas and consumption rates will only increase gradually.

California has an enormous unconventional oil play between LA and San Francisco but they will never allow it to be touched.

Deep water will continue as is.

The Artic will see an increase in activity, but nothing substantial.

If oil prices go high enough you may see interest in the green river formation.

US plays average much lower BOPD rates than most overseas plays. Except for deepwater GOM. So that means we need to invest much more heavily in infrastructure and drill many more wells to get the same production rates. For example I drilled one well recently that produces the equivalent of 10 Bakken or Eagle Ford wells (20 or more TMS wells).